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A vacant home for sale is pictured in Yonkers

Pending home sales rise in Oct against expectations

Pending home sales in the U.S. rose in October, contrary to expectations of a drop, according to a report by the National Association of Realtors.

October pending home sales show surprise climb

Pending sales of existing U.S. homes unexpectedly surged in October, data from a real estate trade group showed on Thursday, despite concerns that problems in the foreclosure process might curtail activity.

SEC and several banks discuss to end mortgage deal probe: report

U.S. securities regulators are in preliminary talks with several banks to resolve probes involving sales of complex mortgage bond deals that led to the financial crisis, the Wall Street Journal said, citing people familiar with the matter.

U.S. Senator Jim Bunning (R-KY) testifies before the House Committee on Government reform in Washington March 17, 2005.

Senator says mortgage crisis risk remains

Sen. Jim Bunning, R-KY expressed anger Wednesday that the potential for another mortgage crisis remains, despite efforts to deal with the mortgage crisis over the past decade.

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White House reviewing bill's foreclosure impact

The White House said on Thursday the administration is reviewing legislation that could make it more difficult for homeowners to challenge unjustified foreclosure actions.

Lawmakers seek foreclosure investigations

California Democrats in the House of Representatives are calling for federal investigations into whether financial institutions broke any laws in their handling of foreclosures in the midst of the housing crisis.

Sen. Menendez raises foreclosure moratorium idea

An influential U.S. senator on Tuesday raised the prospect of an industry-wide moratorium on foreclosures as he pressed three banks accused of fraudulent practices to outline steps they are taking to fix their procedures.

Racial predatory loans fueled U.S. housing crisis: study

Predatory lending aimed at racially segregated minority neighborhoods led to mass foreclosures that fueled the U.S. housing crisis, according to a new study published in the American Sociological Review.

Connecticut Attorney General seeks 60-day freeze on foreclosures

Connecticut's attorney general on Friday called on state courts to freeze home foreclosures for 60 days after borrowers claimed that major lenders may be making misstatements in the foreclosure process.

GMAC showed bad faith in Maine foreclosure: judge

A Maine state court judge reprimanded GMAC mortgage over its foreclosure practices and concluded that it submitted a company official's affidavit to support a foreclosure in bad faith.

Ohio asks courts to review GMAC foreclosures

Fallout over GMAC Mortgage's foreclosure practices deepened on Tuesday as Ohio's top law enforcement official asked courts in that state to review all foreclosure cases involving the Ally Financial Inc unit.

Mortgage bond issuance leaps year to date

U.S. mortgage-backed securities issuance jumped in the first nine months of 2010 from the same period a year earlier as credit markets loosened up and investors' risk appetite improved

Analysis: Foreclosure mess unfolds state by state

An outcry over questionable foreclosures by GMAC Mortgage and other lenders is likely to hit some states more than others because of major differences in real estate law across the nation.

Mortgage rates at record lows: Freddie Mac

U.S. 30-year and 15-year mortgage rates either tied or reached record lows in the latest week, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.

Nearly one in four second-quarter home sales a foreclosure

Nearly one in every four U.S. homes sold in the second quarter was a deeply discounted foreclosed house, putting the market on pace to work through distressed properties in about three years.

Congress OKs higher mortgage loan limit extension

The U.S. Congress on Thursday voted to extend higher loan limits for government-backed mortgages, a move that should help keep borrowing costs low and support the shaky housing sector.

Lawmaker unveils mortgage modification bill

As many as 30 million U.S. homeowners would be able to refinance their mortgage at record low interest rates regardless of their credit situation under a plan unveiled on Tuesday by a Democratic lawmaker.

Home loan demand down despite record low rates

U.S. mortgage applications fell for a fourth straight week, reflecting the inability of many homeowners to take advantage of record low interest rates, data from an industry group showed on Wednesday.

More homeowners lost their home in Q2

Delinquencies on U.S. home mortgages fell slightly in the three months through June, though the number of homeowners who lost their homes rose sharply from the first quarter

Freddie Mac's mortgage portfolio shrank in August

Freddie Mac said on Friday that its mortgage portfolio shrank in August as did its total debt outstanding, while delinquency rates on loans it guarantees were mixed.

Over half of homeowners dropped out of aid program

More than half of the 1.3 million homeowners initially helped by the Obama administration's marquee foreclosure prevention program have since dropped out.

Geithner, Warren seek more mortgage disclosure

Treasury Secretary Timothy Geithner and special advisor Elizabeth Warren said they intend to make mortgage language simpler so consumers can make better choices as they opened a forum on the topic on Tuesday.

30-year mortgage rates fell in latest week

Interest rates on 30-year fixed-rate mortgages fell for the first time in three weeks, real estate website Zillow.com said on Tuesday.

BofA's government-backed mortgage modifications slow

Bank of America Corp said on Tuesday the pace of its mortgage modifications under the government's primary aid program to forestall foreclosures continued to slow in August.

Bill to shorten short sale modus operandi

As homeowners and real estate agents continue to whine about how long a short sale process takes, US Congressmen are planning to move a bill that would require lenders to respond within 45 days